LANDLORD'S SECURITY INTEREST. The parties intend that if an Event of Default occurs under this Lease, Landlord will control Tenant’s Personal Property and the Intangible Property so that Landlord or its designee or nominee can operate or re-let the Premises intact for their Primary Intended Use. Accordingly, to implement such intention, and for the purpose of securing the payment and performance obligations of Tenant hereunder, Landlord and Tenant agree as follows:
Appears in 4 contracts
Samples: Lease (Global Medical REIT Inc.), Lease (Global Medical REIT Inc.), Lease (Global Medical REIT Inc.)
LANDLORD'S SECURITY INTEREST. The parties intend that that, if an Event of Default occurs under this Lease, Landlord will control Tenant’s Personal Property and the Intangible Property so that Landlord or its designee or nominee can operate operate, sell or re-let the Premises intact each Facility for their its Primary Intended Use. Accordingly, to implement such intention, and for the purpose of securing the payment and performance obligations of Tenant hereunder, Landlord and Tenant agree as follows:
Appears in 3 contracts
Samples: Master Lease Agreement (Assisted Living Concepts Inc), Master Lease Agreement (Emeritus Corp\wa\), Master Lease Agreement (Emeritus Corp\wa\)
LANDLORD'S SECURITY INTEREST. The parties intend that that, if an Event of Default occurs under this Lease, Landlord will control Tenant’s Personal Property and the Intangible Property (except that personal property expressly excluded under Section 35 below) so that Landlord or its designee or nominee can operate operate, sell or re-let the Premises intact each Facility for their its Primary Intended Use. Accordingly, to implement such intention, and for the purpose of securing the payment and performance obligations of Tenant hereunder, Landlord and Tenant agree as follows:
Appears in 1 contract
Samples: Master Lease Agreement (Capital Senior Living Corp)
LANDLORD'S SECURITY INTEREST. The parties intend that that, if an Event of Default occurs under this Lease, Landlord will control Tenant’s 's Personal Property and the Intangible Property (except that personal property expressly excluded under Section 35 below) so that Landlord or its designee or nominee can operate operate, sell or re-let the Premises intact each Facility for their its Primary Intended Use. Accordingly, to implement such intention, and for the purpose of securing the payment and performance obligations of Tenant hereunder, Landlord and Tenant agree as follows:
Appears in 1 contract
Samples: Master Lease Agreement (Capital Senior Living Corp)
LANDLORD'S SECURITY INTEREST. The parties intend that that, if an Event of Default occurs under this Lease, Landlord will control Tenant’s 's Personal Property and the Intangible Property so that Landlord or its designee or nominee can operate operate, sell or re-let the Premises intact each Facility for their its Primary Intended Use. Accordingly, to implement such intention, and for the purpose of securing the payment and performance obligations of Tenant hereunder, Landlord and Tenant agree as follows:
Appears in 1 contract
Samples: Master Lease Agreement (Brookdale Senior Living Inc.)
LANDLORD'S SECURITY INTEREST. The parties intend that that, if an Event of Default occurs and is continuing under this Lease, Landlord will control Tenant’s 's Personal Property and the Intangible Property so that Landlord or its designee or nominee can operate operate, sell or re-let the Premises intact each Facility for their its Primary Intended Use. Accordingly, to implement such intention, and for the purpose of securing the payment and performance obligations of Tenant hereunder, Landlord and Tenant agree as follows:
Appears in 1 contract
Samples: Master Lease Agreement (Ventas Inc)
